Bookkeeping Level 2: Accounting Essentials

ID : 51451

Reduce your reliance on professional accounting services. Apply the knowledge you acquired in Bookkeeping Level 1: Basics to do month-ends and year-ends. Learn the accounting cycle and how to record business transactions, including adjusting, closing and reversing entries. We’ll discuss how to review balance sheets and income statements to match the revenue and expenses at a cut-off date and how to record entries for petty cash, receivables, bad debts, inventories, fixed assets, depreciation, accruals, partnership and corporation entries. Prerequisite(s): Bookkeeping Level 1: Basics Read course outlines